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Assignment 2 on the Class On January 1, 2021, Mariam started her business with $200,000 cash She purchased office furniture for $30,000 on cash on January 4, 2021 She purchased office supplies on credit for $5,000 on January 5, 2021 She borrowed $20,000 from a local bank on January 7, 2021 She sold all furniture on credit for $30,000 to another company on January 10, 2021 She paid $2,500 to telephone bill on January 28, 2021 She received $15,000 from accounts receivable on January 29, 2021 She paid salaries $13,000 on January 30, 2021 Required: Prepare journal entries for all of the above transactions Prepare ledger accounts (T-accounts) Prepare a trial balance as of January 31, 2019 Journal entries Date Description Debit Credit Assignment 2 on the Class On January 1, 2021, Mariam started her business with $200,000 cash. She purchased office furniture for $30,000 on cash on January 4, 2021 She purchased office supplies on credit for $5,000 on January 5, 2021 She borrowed $20,000 from a local bank on January 7, 2021 She sold all furniture on credit for $30,000 to another company on January 10, 2021 She paid $2,500 to telephone bill on January 28, 2021 She received $15,000 from accounts receivable on January 29, 2021 She paid salaries $13,000 on January 30, 2021 Required: Prepare journal entries for all of the above transactions Prepare ledger accounts (T-accounts) Prepare a trial balance as of January 31, 2019 Journal entries Date Description Debit Credit